Paramount Global Class B (PARA)
Payables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 28,069,000 | 28,496,000 | 28,281,000 | 28,032,000 | 27,744,000 | 27,406,000 | 26,830,000 | 25,364,000 | 24,719,000 | 22,610,000 | 22,029,000 | 21,575,000 | 21,443,000 | 15,922,000 | 13,486,000 | 11,593,000 | 9,332,000 | 12,689,000 | 12,502,000 | 12,192,000 |
| Payables | US$ in thousands | 1,100,000 | 953,000 | 1,210,000 | 1,235,000 | 1,403,000 | 943,000 | 853,000 | 977,000 | 800,000 | 827,000 | 602,000 | 612,000 | 571,000 | 436,000 | 422,000 | 673,000 | 632,000 | 308,000 | 214,000 | 273,000 |
| Payables turnover | 25.52 | 29.90 | 23.37 | 22.70 | 19.77 | 29.06 | 31.45 | 25.96 | 30.90 | 27.34 | 36.59 | 35.25 | 37.55 | 36.52 | 31.96 | 17.23 | 14.77 | 41.20 | 58.42 | 44.66 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $28,069,000K ÷ $1,100,000K
= 25.52
Paramount Global's payables turnover ratio for each quarter in the provided table is consistently at 0.00, indicating that the company is not efficiently managing its accounts payable. A low or zero payables turnover ratio could suggest that the company is taking a longer time to pay its suppliers or is not utilizing its vendor credit terms effectively. This may lead to strained relationships with suppliers and potentially impact the company's liquidity and working capital management. Further analysis and investigation into Paramount Global's payables management practices and communication with suppliers are recommended to improve operational efficiency and financial performance.
Peer comparison
Dec 31, 2023